Amid a challenging quarter for Presidio, the midmarket IT solutions provider pointed to a major bright spot: Rapidly growing security revenues.

Indeed, Presidio’s security revenue increased 22.2 percent to $85.3 million in the three months ended December 31, 2017, compared to $69.8 million for the corresponding quarter a year earlier. High profile security breaches have driven strong demand for the company’s security solutions, Presidio indicated.

Rather than pointing to one particular security product or service, Presidio says the company is seeing growth across its portfolio of security services and technology partners driven, by higher demand in middle-market and large clients.

The security momentum is one piece of Presidio’s larger business, which had a challenging quarter but is still on track to meet annual revenue targets, according to CEO Bob Cagnazzi.

Next-Generation Risk Management (NGRM)

Among the company’s key points of differentiation: Presidio has its own security operations centers (SOCs) along with a next-generation risk management (NGRM) solution that many smaller IT service providers can’t afford to build or operate on their own, MSSP Alert believes.

In an SEC filing, Presidio shared additional details about the company’s NGRM and cybersecurity strategies. Among the highlights and takeaways, Presidio:

Leverages NGRM to ensure that identified vulnerabilities are mitigated and business risk has been properly addressed. NGRM offering is structured as a recurring service with regular periodic assessments of the current security posture combined.